City Holding Co. Decreases Position in Colgate-Palmolive Company (CL)

City Holding Co. decreased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,804 shares of the company’s stock after selling 250 shares during the quarter. City Holding Co.’s holdings in Colgate-Palmolive were worth $1,913,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new position in Colgate-Palmolive during the first quarter valued at approximately $102,000. Proficio Capital Partners LLC raised its position in Colgate-Palmolive by 16.9% during the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after acquiring an additional 207 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Colgate-Palmolive during the first quarter valued at approximately $121,000. AlphaMark Advisors LLC raised its position in Colgate-Palmolive by 452.1% during the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock valued at $122,000 after acquiring an additional 1,370 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Colgate-Palmolive by 3.9% during the first quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after acquiring an additional 67 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on CL. Macquarie began coverage on Colgate-Palmolive in a research report on Thursday, September 14th. They set a “neutral” rating and a $76.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and set a $79.00 price target on shares of Colgate-Palmolive in a research report on Thursday, August 24th. Zacks Investment Research cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a research report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Colgate-Palmolive in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $75.83.

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Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.79% during mid-day trading on Tuesday, hitting $72.96. The company had a trading volume of 1,063,863 shares. The firm has a market capitalization of $64.27 billion, a P/E ratio of 27.11 and a beta of 0.80. The firm has a 50-day moving average price of $71.57 and a 200 day moving average price of $73.27. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. On average, equities research analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.

In related news, Vice Chairman Franck J. Moison sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $71.52, for a total value of $2,503,200.00. Following the completion of the transaction, the insider now directly owns 201,411 shares of the company’s stock, valued at approximately $14,404,914.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dennis J. Hickey sold 73,872 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total value of $5,304,009.60. Following the completion of the transaction, the chief financial officer now directly owns 484,985 shares of the company’s stock, valued at $34,821,923. The disclosure for this sale can be found here. Insiders sold a total of 217,969 shares of company stock valued at $15,693,933 over the last ninety days. 1.02% of the stock is currently owned by company insiders.

About Colgate-Palmolive

Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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